Former deputy managing director of the International Monetary Fund, Nemat Shafik '83 (economics) has built a reputation as a thoughtful, effective policy maker in a stellar international career that has taken her from her native Egypt through the World Bank and a UK ministry to one of the most senior roles in the IMF. Known to friends and colleagues as “Minouche,” Shafik will now oversee banking and markets in a newly created role at the Bank of England, making her the first woman in such a senior role there since deputy governor Rachel Lomax left six years ago.